What is the simple interest on Rs. 4000 at 6% per annum for 3 years?

ARs. 600

BRs. 720

CRs. 800

DRs. 840

Explanation

Simple Interest = (P * R * T) / 100 = (4000 * 6 * 3) / 100 = 720.

Exam Relevance

Topic: Interest
Subtopic: Simple Interest

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